Comment by phire

It’s fraud when they lie to investors, or allow them to assume the wrong thing.

Doesn’t matter what consumers believe, it’s more or less legal to lie to consumers about how a product works, as long as investors know how the sausage is made. (Though, in reality it’s near impossible to lie to customers without also misleading investors, especially for publicly listed companies)

In this case, investors were under the impression that the AI worked, completing 99% of transactions without any human intervention. In reality, it was essentially 0%